KPMG conducted a confidential benchmarking study to assess the current state of enterprise risk management practices across a variety of industries.
The current business landscape is pushing the limits of enterprise risk management (ERM). Companies are rightly questioning the strength of their ERM programs in the face of rapid change, competitive disruption, an unrelenting news-cycle, and a global crisis in trust. Unfortunatelty, this questioning may come after a major risk incident for an organization, when vulnerabilities become apparent. Despite seismic shifts in the environment and a critical need for risk agility, the evolution of ERM is slow.